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1287 Sussex Ct Concord, CA 94521

6 Beds 4 Baths 2,301 sqft Built 1957

$699,000

List Price

$4,100

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $303.78
  • 3 Days on Market
  • MLS # : CC40927500
  • Updated Date : 11/01/2020 at 20:49
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,301 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Location, location, location! Beautiful and spacious ranch style home in a Cul-De-Sac. Near schools, groceries stores, restaurants and Cal State East Bay. This home has potential for extra income since there is a separate entrance. Come and find out yourself and put your imagination to work! This home features: * Brand new appliances * Updated kitchen * Dual pane windows * Updated electric garage door * The 3 beds and 2 baths added are updated. * Original home has solid hardwood floors through out.

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PRICE & RENT TRENDS

Neighborhood: Turtle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1078k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Turtle Creek

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16553863

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Woodside Elementary School Primary Regular 395 15 5
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Woodside Elementary School

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 15
5
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,100
EXPENSES Loan Payment -$2,579
Property Tax -$776
Property Insurance -$83
Property Management Fees -$201
CASH FLOW
$462

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$699,000

PROJECTED PRICE

$4,100

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$128,990

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,498

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$5,000
$5,000
RENT COMPS ANALYSIS
  • 1287 Sussex Ct Concord, CA 1
    • 6 beds 4 baths ∙ 2,301 Sqft ∙ Built 1957 6 beds 4 baths ∙ 2,301 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1462 Kimball Ct Concord, CA 2
    • 7 beds 3 baths ∙ 2,087 Sqft ∙ Built 1963 7 beds 3 baths ∙ 2,087 Sqft ∙ Built 1963
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.01
    •  
  • 5111 Paul Scarlet Dr Concord, CA 3
    • 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1964 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1964
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.90
    •  
PROPERTY LISTING DETAILS
Mayra Sepulveda
Keller Williams Realty
BESbswy